🔥 AMBCrypto: $LTC Price Analysis

According to CoinMarketCap’s data, LTC had experienced a double-digit price rally in the last month and was trading at $103 at press time. 

Key momentum indicators observed on a 24-hour chart showed an uptick in demand for the coin. As of this writing, the values of its Relative Strength Index (RSI) and Money Flow Index (MFI) were 57.72 and 65.18.

With values above their respective center lines, these indicators showed that market participants preferred buying more LTC than selling their holdings. 

The coin’s Chaikin Money Flow (CMF) was positive at press time, confirming the accumulation trend. A CMF value above zero signals liquidity inflow into the market, thus showing that the bullish trend is strong. 

Also, regarding the current market trend, LTC’s Aroon Up Line (orange) was 85.71%. This indicator measures an asset’s trend strength and potential trend reversal points in its price.

#Litecoin